Key comparative figures for Research In Motion and Apple follow.
|
Research In Motion |
Apple |
|||
|
($ millions) |
Current |
Prior |
Current |
Prior |
|
Accounts receivable |
$2,594 |
$2,112 |
$3,361 |
$2,422 |
|
Net sales |
14,953 |
11,065 |
42,905 |
37,491 |
Required
Compute days’ sales uncollected for these companies for each of the two years shown. Comment on any trends for the companies. Which company has the largest percent change in days’ sales uncollected?